The Australian Bureau of Statistics (ABS) today released Producer Price Index (PPI) data for the June quarter, which registered a 0.1% quarterly rise in final (stage 3) prices and an increase of only 1.0% over the year:
The 0.1% rise in final (stage 3) prices was driven primarily by rises in the prices received for petroleum refining and petroleum fuel manufacturing (+13.6%), meat and meat product manufacturing (+3.7%) and building construction (+0.4%), partly offset by falls in the prices received for computer and electronic equipment manufacturing (-3.3%), specialised machinery and equipment manufacturing (-3.8%) and fruit and vegetable processing (-5.4%).
